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Nokia Said to Be in Talks With Bharti Airtel for Multi-Billion Dollar 5G Contract
The deal with Airtel would be for Nokia's latest AirScale mobile radios that support upgrading an existing network to 5G-Advanced and reduces energy costs, according to the sources.
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Ericsson Said to Have Bagged New 5G Contract from India's Bharti Airtel
Ericsson has said to have received a new multi-billion dollar contract for selling 5G equipment from India's Bharti Airtel. The new contracts are expected to boost Ericsson's revenue next year after seeing a big fall in contracts from India in the first half of the year.
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Vodafone-Idea Concludes Network Equipment Deal With Nokia, Ericsson and Samsung Worth $3.6 Billion
India's Vodafone Idea has finalised a $3.6 billion (roughly Rs. 30,066 crore) deal with Nokia, Ericsson and Samsung for supply of equipment over the period of three years. Supplies under the new contract will start arriving in the coming quarter, Vodafone Idea said, adding that its top priority remains to expand the 4G coverage.
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Samsung, Qualcomm Oppose Live TV Broadcasts on Smartphones in India
Samsung and Qualcomm are among those opposing India's choice of technology to bring live TV broadcasts on smartphones, arguing the required hardware changes will push up a device's cost by $30 (nearly Rs. 2,500), according to letters reviewed by Reuters. India is considering a policy to mandate equipping smartphones with hardware to receive live ...
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India Expected to See 31 Million Users Upgrading to 5G Phones by December: Survey
As many as 31 million smartphone users in India are expected to upgrade to 5G phones between now and December, a report by Ericsson said on Tuesday underlining the accelerated pace at which the world's second largest telecom market is adopting the ultra high-speed services.
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Ericsson Sued by 37 Shareholders for $170 Million: Report
Thirty-seven Ericsson shareholders are suing the Swedish telecoms company for a combined SEK 1.8 billion (roughly Rs. 1,405 crore), saying its CEO's disclosure of activities in Iraq depressed the stock, business daily Dagens Industri reported. The shareholders, including several investment firms and pension funds, have filed separate lawsuits.
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Nokia's Second-Quarter Profit Falls 37 Percent as US Phone Operators Slash Spending
Nokia reported a sharp fall in second-quarter profits on Thursday, dragged down by a drop in investment by North American mobile phone operators. The 5G deployment in India drove growth for its mobile network business. But net sales fell in North America as clients continue to review their spending and reduce their inventory levels.
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Reliance Jio to Sign $1.7 Billion Deal With Nokia for Purchase of 5G Network Equipment: Report
Reliance Jio Infocomm is reportedly gearing up to sign a contract worth $1.7 billion (roughly Rs. 14,016 crore) with Nokia this week to purchase 5G network equipment. The contract could be signed as early as Thursday in Helsinki, Finland. HSBC, JP Morgan and Citigroup are reportedly backing Jio's 5G-related purchases.
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Google Set to Hire Apple, Microsoft Alumnus Sreenivasa Reddy as India Policy Head
Sreenivasa Reddy, currently a senior engineering executive at Microsoft, will reportedly join Google toward the end of this year. He previously worked in senior positions at Apple’s India regulatory team and headed government relations at the local unit of Swedish telecom-gear maker Ericsson AB, helping to drive domestic manufacturing at both com...
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5G in India Seen Accounting for About 57 Percent of Mobile Subscriptions by 2028: Ericsson Mobility Report
The 5G subscription in India is estimated to have reached about 10 million by 2022 end, and is seen accounting for about 57 percent of mobile subscriptions in the country by the end of 2028, making it "the fastest growing" 5G region globally, according to Ericsson Mobility Report. With the launch of 5G services in October 2022, the major 5G Indian ...
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India Has One of the Fastest 5G Rollouts in the World: Ericsson Chief
India has one of the fastest rollouts in the world of 5G and by 2023-end India will be ahead of most countries, said Ericsson global chief Borje Ekholm. Talking exclusively to ANI, Ekholm said, "I would say that by the end of 2023, it will be clearly ahead of most other countries in the world." Talking about India as a business destination, Ekholm ...
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Ericsson Could Cut 8,500 Jobs Under Cost-Cutting Plans, Reveals Internal Memo
Telecom equipment maker Ericsson will lay off 8,500 employees globally as part of its plan to cut costs, a memo sent to employees and seen by Reuters said. While technology companies such as Microsoft, Meta and Alphabet have laid off thousands of employees citing economic conditions, Ericsson's move would be the largest layoff to hit the industry.
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Swedish Telecom Equipment Maker Ericsson To Cut 8,500 Jobs Worldwide
Swedish telecom equipment maker Ericsson said Friday it would cut 8,500 jobs worldwide as part of a cost-cutting programme.
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5G Services in India to Attract Rs. 1.5 Lakh Crore in Investments in 2023, Tariff Hikes Likely: Report
From connecting people with 5G services to lowering the cost of operations, the country's revitalised telecom sector is witnessing the bloom of reforms, and is reportedly said to attract more than Rs. 1.5 lakh crore investments to build up networks in the new year.
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Ericsson Announces Investment in 6G Network Research in the UK, Will Work With Universities
Ericsson on Tuesday said that it would invest millions of pounds on 6G mobile research in the UK. The network equipment maker says it plans to work with universities on hardware security, AI and cognitive networks and quantum computing. Ericsson wants to establish a team of 20 experienced researchers in the UK and will also look to sponsor students...
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Nokia Said to Be in Talks With Bharti Airtel for Multi-Billion Dollar 5G Contract
The deal with Airtel would be for Nokia's latest AirScale mobile radios that support upgrading an existing network to 5G-Advanced and reduces energy costs, according to the sources.
-
Ericsson Said to Have Bagged New 5G Contract from India's Bharti Airtel
Ericsson has said to have received a new multi-billion dollar contract for selling 5G equipment from India's Bharti Airtel. The new contracts are expected to boost Ericsson's revenue next year after seeing a big fall in contracts from India in the first half of the year.
-
Vodafone-Idea Concludes Network Equipment Deal With Nokia, Ericsson and Samsung Worth $3.6 Billion
India's Vodafone Idea has finalised a $3.6 billion (roughly Rs. 30,066 crore) deal with Nokia, Ericsson and Samsung for supply of equipment over the period of three years. Supplies under the new contract will start arriving in the coming quarter, Vodafone Idea said, adding that its top priority remains to expand the 4G coverage.
-
Samsung, Qualcomm Oppose Live TV Broadcasts on Smartphones in India
Samsung and Qualcomm are among those opposing India's choice of technology to bring live TV broadcasts on smartphones, arguing the required hardware changes will push up a device's cost by $30 (nearly Rs. 2,500), according to letters reviewed by Reuters. India is considering a policy to mandate equipping smartphones with hardware to receive live ...
-
India Expected to See 31 Million Users Upgrading to 5G Phones by December: Survey
As many as 31 million smartphone users in India are expected to upgrade to 5G phones between now and December, a report by Ericsson said on Tuesday underlining the accelerated pace at which the world's second largest telecom market is adopting the ultra high-speed services.
-
Ericsson Sued by 37 Shareholders for $170 Million: Report
Thirty-seven Ericsson shareholders are suing the Swedish telecoms company for a combined SEK 1.8 billion (roughly Rs. 1,405 crore), saying its CEO's disclosure of activities in Iraq depressed the stock, business daily Dagens Industri reported. The shareholders, including several investment firms and pension funds, have filed separate lawsuits.
-
Nokia's Second-Quarter Profit Falls 37 Percent as US Phone Operators Slash Spending
Nokia reported a sharp fall in second-quarter profits on Thursday, dragged down by a drop in investment by North American mobile phone operators. The 5G deployment in India drove growth for its mobile network business. But net sales fell in North America as clients continue to review their spending and reduce their inventory levels.
-
Reliance Jio to Sign $1.7 Billion Deal With Nokia for Purchase of 5G Network Equipment: Report
Reliance Jio Infocomm is reportedly gearing up to sign a contract worth $1.7 billion (roughly Rs. 14,016 crore) with Nokia this week to purchase 5G network equipment. The contract could be signed as early as Thursday in Helsinki, Finland. HSBC, JP Morgan and Citigroup are reportedly backing Jio's 5G-related purchases.
-
Google Set to Hire Apple, Microsoft Alumnus Sreenivasa Reddy as India Policy Head
Sreenivasa Reddy, currently a senior engineering executive at Microsoft, will reportedly join Google toward the end of this year. He previously worked in senior positions at Apple’s India regulatory team and headed government relations at the local unit of Swedish telecom-gear maker Ericsson AB, helping to drive domestic manufacturing at both com...
-
5G in India Seen Accounting for About 57 Percent of Mobile Subscriptions by 2028: Ericsson Mobility Report
The 5G subscription in India is estimated to have reached about 10 million by 2022 end, and is seen accounting for about 57 percent of mobile subscriptions in the country by the end of 2028, making it "the fastest growing" 5G region globally, according to Ericsson Mobility Report. With the launch of 5G services in October 2022, the major 5G Indian ...
-
India Has One of the Fastest 5G Rollouts in the World: Ericsson Chief
India has one of the fastest rollouts in the world of 5G and by 2023-end India will be ahead of most countries, said Ericsson global chief Borje Ekholm. Talking exclusively to ANI, Ekholm said, "I would say that by the end of 2023, it will be clearly ahead of most other countries in the world." Talking about India as a business destination, Ekholm ...
-
Ericsson Could Cut 8,500 Jobs Under Cost-Cutting Plans, Reveals Internal Memo
Telecom equipment maker Ericsson will lay off 8,500 employees globally as part of its plan to cut costs, a memo sent to employees and seen by Reuters said. While technology companies such as Microsoft, Meta and Alphabet have laid off thousands of employees citing economic conditions, Ericsson's move would be the largest layoff to hit the industry.
-
Swedish Telecom Equipment Maker Ericsson To Cut 8,500 Jobs Worldwide
Swedish telecom equipment maker Ericsson said Friday it would cut 8,500 jobs worldwide as part of a cost-cutting programme.
-
5G Services in India to Attract Rs. 1.5 Lakh Crore in Investments in 2023, Tariff Hikes Likely: Report
From connecting people with 5G services to lowering the cost of operations, the country's revitalised telecom sector is witnessing the bloom of reforms, and is reportedly said to attract more than Rs. 1.5 lakh crore investments to build up networks in the new year.
-
Ericsson Announces Investment in 6G Network Research in the UK, Will Work With Universities
Ericsson on Tuesday said that it would invest millions of pounds on 6G mobile research in the UK. The network equipment maker says it plans to work with universities on hardware security, AI and cognitive networks and quantum computing. Ericsson wants to establish a team of 20 experienced researchers in the UK and will also look to sponsor students...
